The government of Timor-Leste has reached an agreement with Timor Telecom (TT) to end the monopoly held by the Portugal Telecom subsidiary on the telecoms sector, Macauhub reports. Under the terms of TT’s operating licence, which was awarded in 2002, the company was granted exclusivity in the market until 2017, but last year the government revealed plans to bring forward liberalisation and subsequently entered into negotiations with TT to end its monopoly earlier than planned.
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OVETEL Timor Telecom’s monopoly set to end
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